“Liverpool 0-3 Manchester City” trended across the internet (No. 2 on the hot search list), and $CHZ in the football fan token sector was mentioned as a result.
For a hot topic to affect prices, three steps are needed:
① Discussion: Will the community start talking about it?
② Trading volume: Will trading volume increase as well?
③ Staying power: Can the topic stay relevant for a day or two?
$CHZ is currently priced at 0.01579, up 1.94% over 24 hours. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it past the first, it will probably blow over quickly.
Discussion is the entry point; whether trading volume follows is what matters.
#CHZ
For a hot topic to affect prices, three steps are needed:
① Discussion: Will the community start talking about it?
② Trading volume: Will trading volume increase as well?
③ Staying power: Can the topic stay relevant for a day or two?
$CHZ is currently priced at 0.01579, up 1.94% over 24 hours. It only counts as a genuine correlation if it clears all three hurdles. If it only makes it past the first, it will probably blow over quickly.
Discussion is the entry point; whether trading volume follows is what matters.
#CHZ